Which of the Following Is True of Most Accounting Errors

question 40

Multiple Choice

Which of the following is true of most accounting errors?

• A) They are primarily caused by lack of training.
• B) They represent intentional sabotage of controls.
• C) They are problems caused by failures in systems, procedures, and policies.
• D) They represent fraud.

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Definitions:

Mediation

A form of conflict resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Rules of Evidence

The standards and criteria used to determine what information is admissible in a court of law.

Arbitrators

Individuals or panels that are appointed to resolve disputes between parties through an arbitration process, often as an alternative to litigation.

Mediators

Neutral third parties who assist in resolving disputes between two or more parties by facilitating negotiations.